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Parent Company Only Statements
 12 Months Ended
Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
Note 17 – Parent Company Only Statements
 
 
 
(Dollars in thousands)
 
 
 
NorthWest Indiana Bancorp
 
 
 
Condensed Balance Sheets
 
 
 
December 31,
 
 
 
2016
 
 
2015
 
Assets
 
 
 
 
 
 
 
 
Cash on deposit with Peoples Bank
 
$
57
 
 
$
741
 
Investment in Peoples Bank
 
 
82,875
 
 
 
80,551
 
Investment in NWIN Risk Management, Inc.
 
 
775
 
 
 
-
 
Dividends receivable from Peoples Bank
 
 
800
 
 
 
770
 
Other assets
 
 
775
 
 
 
150
 
Total assets
 
$
85,282
 
 
$
82,212
 
 
 
 
 
 
 
 
 
 
Liabilities and stockholders’ equity
 
 
 
 
 
 
 
 
Dividends payable
 
$
800
 
 
$
770
 
Other liabilities
 
 
374
 
 
 
533
 
Total liabilities
 
 
1,174
 
 
 
1,303
 
 
 
 
 
 
 
 
 
 
Common stock
 
 
361
 
 
 
361
 
Additional paid in capital
 
 
4,300
 
 
 
4,158
 
Accumulated other comprehensive income
 
 
(1,506
)
 
 
1,406
 
Retained earnings
 
 
80,953
 
 
 
74,984
 
Total stockholders’ equity
 
 
84,108
 
 
 
80,909
 
Total liabilities and stockholders’ equity
 
$
85,282
 
 
$
82,212
 
 
 
 
(Dollars in thousands)
 
 
 
NorthWest Indiana Bancorp
 
 
 
Condensed Statements of Income
 
 
 
Year Ended December 31,
 
 
 
2016
 
 
2015
 
 
 
 
 
 
 
 
Dividends from Peoples Bank
 
$
3,520
 
 
$
3,021
 
Operating expenses
 
 
194
 
 
 
151
 
Income before income taxes and equity in undistributed income of Peoples Bank
 
 
3,326
 
 
 
2,870
 
Income tax benefit
 
 
(54
)
 
 
(29
)
Income before equity in undistributed income of Peoples Bank
 
 
3,380
 
 
 
2,899
 
Equity in undistributed 
 
 
 
 
 
 
 
 
Income of Peoples Bank
 
 
5,237
 
 
 
4,953
 
Income of NWIN Risk Management, Inc.
 
 
525
 
 
 
-
 
Net income
 
$
9,142
 
 
$
7,852
 
 
 
 
(Dollars in thousands)
 
 
 
NorthWest Indiana Bancorp
 
 
 
Condensed Statements of Cash Flows
 
 
 
Year Ended December 31,
 
 
 
2016
 
 
2015
 
 
 
 
 
 
 
 
Cash flows from operating activities:
 
 
 
 
 
 
 
 
Net income
 
$
9,142
 
 
$
7,852
 
Adjustments to reconcile net income to net cash provided by operating activities
 
 
 
 
 
 
 
 
Equity in undistributed net income of:
 
 
 
 
 
 
 
 
Peoples Bank
 
 
(5,237
)
 
 
(4,953
)
NWIN Risk Management, Inc.
 
 
(525
)
 
 
-
 
Stock based compensation expense
 
 
142
 
 
 
96
 
Change in other assets
 
 
(654
)
 
 
104
 
Change in other liabilities
 
 
(159
)
 
 
461
 
Total adjustments
 
 
(6,433
)
 
 
(4,292
)
Net cash - operating activities
 
 
2,709
 
 
 
3,560
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
 
 
 
Investment in NWIN Risk Management, Inc.
 
 
(250
)
 
 
-
 
Net cash - investing activities
 
 
(250
)
 
 
-
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
 
 
Dividends paid
 
 
(3,143
)
 
 
(2,962
)
Net cash - financing activities
 
 
(3,143
)
 
 
(2,962
)
Net change in cash
 
 
(684
)
 
 
598
 
Cash at beginning of year
 
 
741
 
 
 
143
 
Cash at end of year
 
$
57
 
 
$
741